Progyny Inc (PGNY)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Gross profit (ttm) US$ in thousands 238,799 226,399 209,770 193,016 167,325 147,946 130,443 116,177 112,135 107,686 100,030 82,364 70,059 61,162 52,646
Revenue (ttm) US$ in thousands 1,091,902 1,036,101 959,749 874,714 787,727 700,482 617,337 551,196 501,082 473,730 450,213 385,920 344,979 309,953 272,210
Gross profit margin 21.87% 21.85% 21.86% 22.07% 21.24% 21.12% 21.13% 21.08% 22.38% 22.73% 22.22% 21.34% 20.31% 19.73% 19.34%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $238,799K ÷ $1,091,902K
= 21.87%

Progyny Inc's gross profit margin has been relatively stable over the past eight quarters, ranging from 21.10% to 22.11%. Despite slight fluctuations, the company has maintained an average gross profit margin of around 21.5% during this period. This indicates that Progyny Inc has been able to effectively manage its production costs and pricing strategies to generate profit from its core operations. However, it is essential for the company to continuously monitor and improve its cost efficiency to sustain and potentially increase its gross profit margin in the future.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Progyny Inc
PGNY
21.87%
DaVita HealthCare Partners Inc
DVA
81.50%
Sotera Health Co
SHC
55.00%